CoinFlex are now looking to provide physical delivery of BTC futures contracts at expiry. The company said the reason for offering the service is to avoid price manipulation and the exchange closed USD 10 million worth of funding from several Blockchain investors according to the South China Morning Post. It has been said CoinFlex wants to be the first exchange to offer physical delivery and is targeting Asian retail traders who want to avoid falling victim to price manipulation which is said to be more prevalent in cash settlement. Mark Lamb who is the Cheif Executive of the Hong Kong-based firm said: “Professional and retail traders alike are affected by price manipulation in the cash settled futures market. In physical delivered contracts, anyone long at expiry receives the underlying bitcoin. There are no formulas involved,” Lamb said he had noticed an increase in attempts to manipulate prices over the past few months, by traders who managed to move the underlying spot prices that go into the formula in their favour, as they took advantage of the lighter trading volume of the cryptocurrency spot market compared with that of futures. Currently, the trading volume of bitcoin futures is 1.5 times that of spot a marked difference. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/GBP technical analysis: Euro battling for the 0.9100 figure against the Sterling FX Street 4 years CoinFlex are now looking to provide physical delivery of BTC futures contracts at expiry. The company said the reason for offering the service is to avoid price manipulation and the exchange closed USD 10 million worth of funding from several Blockchain investors according to the South China Morning Post. It has been said CoinFlex wants to be the first exchange to offer physical delivery and is targeting Asian retail traders who want to avoid falling victim to price manipulation which is said to be more prevalent in cash settlement. Mark Lamb who is the Cheif Executive of the Hong Kong-based… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
